At present, there is one cement works at Shihuiyau near Hoangshikang at the upper reach. It is situated between a deep water wharf and a limestone hill. The limestone is so near by that it can be cut and shoveled into the kilns immediately. Between Hankow and Kiukiang there are many places possessing the same advantage. Below Kiukiang, there are also many such advantageous positions as Matang, Wushiki and many others between Kiukiang and Anking. Between Anking and Nanking there are exceptionally good locations for putting up cement works such as Tatung, Tikang, and Tsaishisze, all these places being provided abundantly with limestone and coal and iron, lying side by side. With the huge harbor works, city building, and embankment construction, the market for cement will be so great that a capital of one to two hundred million dollars should be invested for the supply. This work should be started gradually in accord with the acceleration of the other works of the general development so that one project will further the other, and over-production and waste of capital individually in any of the parts of the general scheme will be guarded against. This will help make each of them a profitable business by itself. PROGRAM III The main feature of the third program will be the construction of a great southern port which will complete the plan for three first-class seaports in China as proposed in the preliminary part of this International Development Scheme. Our Great Southern Port will naturally be Canton, which is not only the center of commerce in South China but also the largest city in all China. Until recent times it was the largest city on the coasts of the Pacific, and the center of commerce of Asia. With the development of China, Canton will surely resume its former importance. Around this southern metropolis I formulate the third program as follows: I. The Improvement of Canton as a World Port. II. The Improvement of the Waterway System of Canton. III. The Construction of the Southwestern Railway System of China. IV. The Construction of Coast Ports and Fishing Harbors. V. The Establishment of Shipbuilding Yards. PART I The Improvement of Canton as a World Port